I am holding a TAN and I did not file my e-Tds returns as there were no payments liablle for deduction of tax. The IT department served a notice to me for filing the e-TDs statements for a quarter and in response to that notice I filed return for one quarter. Now the ITO has imposed a fine of Rs.100 per day for 87 days on me for late filing of e-TDS statements. How far is his stand justified?
Gee, I too have TAN on my Name (Individuals), Seems your Query applies to me as well.
I guess we have to file at least nil returns to avoid Penalties and also think you are unluck person to get this Notice coz seen so many Cos with Tans where they havent filed returns as they did nt have payments..
and i think if the Penalties continure one can Surrnder thier TANs..............
there is no need to file nil tds return except in case 4th quarter 24Q.
Although, IT dept can send you the notice for non-filing. contact AO and tell him your case and request him for droping penalty.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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